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Nov 16, 2012
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that allows them to avert the fiscal cliff, just push it out five years, get that out of the way. that's a blunt unhelpful instrument. then get serious about what's the budget going to be for the rest of the fiscal 2013. tax rates for 2011. all those provisions expired last year. 2012 provisions. get those and then come back right after the first of the year and get the rest of these pieces in place. that's what the country really needs. that will give us a degree of certainty. they've got a whole lot of other things to work on after that that are what i call the growth agenda, but let's get the fiscal house in order and then we can pay our bills and we can plan for the future. >> governor engler, should the fiscal house have tax hikes? >> by that i mean the nation really having a trajectory so we're not putting trillion dollar deficits on the book year after year, so we can actually have an annual budget. the governors in both parties are meeting i think right around now and they're balancing budgets at the state level. they're making hard choices. washington has to do the same t
that allows them to avert the fiscal cliff, just push it out five years, get that out of the way. that's a blunt unhelpful instrument. then get serious about what's the budget going to be for the rest of the fiscal 2013. tax rates for 2011. all those provisions expired last year. 2012 provisions. get those and then come back right after the first of the year and get the rest of these pieces in place. that's what the country really needs. that will give us a degree of certainty. they've got a...
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Dec 5, 2012
12/12
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go over the cliff so that tax rates reset and we can get on a bitter fiscal trajectory, and -- and -- they can quickly, as nicole mentioned, reverse some worse effects of that. and in that sense, we've gone over it, but briefly. i'm not for it but that is a resolution that would really use the leverage, the dynamics that are in play right now to finally get us on a more sustainable fiscal path. >> it's not juvenile hall, it is just detention. you eventually get out. jared and nicole, thank you very much. >>> meantime, more than 100 major companies have now announced either special dividends or move their dividends up from next year to this year. it is all being done ahead of fear of potential higher taxes on capital gains. while shareholders may be happy, there are likely to be some very unintended consequences. robert frank is here. what are said unintended consequences? >> there are unintended consequences. basically i'm going to call it the great income shift. basically it could leave state and federal governments with huge budget holes and another big defense dit problicit probl.
go over the cliff so that tax rates reset and we can get on a bitter fiscal trajectory, and -- and -- they can quickly, as nicole mentioned, reverse some worse effects of that. and in that sense, we've gone over it, but briefly. i'm not for it but that is a resolution that would really use the leverage, the dynamics that are in play right now to finally get us on a more sustainable fiscal path. >> it's not juvenile hall, it is just detention. you eventually get out. jared and nicole,...
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Dec 6, 2012
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cliff if the gop does not agree to raise those rates. this was treasury secretary geithner earlier today on cnbc. >> is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. all those americans, too, get a tax cut on the first $250,000 of their income. so, in some sense it's a tax cut for all americans. >> reporter: bottom line, anderson, we're talking today but still at stalemate. >> yeah, i mean, it's a sign, jessica and dana, of just how lack -- how little progress there's been that a phone call is big news between these two. dana, we're also hearing hints of some move between republicans, coburn, olympia snowe. what are you hearing? how significant is it? >> reporter: it's significant for a couple reasons. you're right. three republicans in different ways suggested they would be okay with what most republicans are saying, that they're not okay with, which is raising tax rates for the wealthiest. tom is
cliff if the gop does not agree to raise those rates. this was treasury secretary geithner earlier today on cnbc. >> is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. all those americans, too, get a tax cut on the first $250,000 of their income. so, in some sense it's a tax cut for all americans. >> reporter: bottom line, anderson, we're...
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cliff. earlier today, president obama brought the debt ceiling debate, or would be debate into the picture. it feels like a lot of the work that you do -- people say okay, we spent 100 grand on this or maybe watching the shrimp on a treadmill. it's not a big deal. >> is a big deal because the way you eliminate a trillion dollar deficit is a billion dollars at a time. the wavy you get a billion dollars is 100 million or $10 million at a time. so what is our excuse? can we say that it is okay to waste money and hundreds of thousands of small areas that add up to trillions of dollars? or do we have to look at big areas? what i would put forward is congress isn't doing their job and how they write it and oversight it. i still pick up any of my feet on the ground because the penny is were 3.5 cents. anyone in america who is struggling today, we don't have the luxury of ignoring stupidity and waste anymore. charles: i have less than a minute. i have to squeeze this in here. you think we could be a
cliff. earlier today, president obama brought the debt ceiling debate, or would be debate into the picture. it feels like a lot of the work that you do -- people say okay, we spent 100 grand on this or maybe watching the shrimp on a treadmill. it's not a big deal. >> is a big deal because the way you eliminate a trillion dollar deficit is a billion dollars at a time. the wavy you get a billion dollars is 100 million or $10 million at a time. so what is our excuse? can we say that it is...
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Dec 6, 2012
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and timothy geithner has told the cnbc the swhous ready to go over the fiscal cliff if tax rates on the nation's wealthiest don't rise. dag gri announces the rate decision later about plus apple shares still down in frankfurt. and its shares of the chinese market drop in the third quarter. >>> deutsche bank has hit back at allegations of financial impropriety brought by three former employees. according to reports, the ex-deutsche workers have launched a complaint with u.s. authorities alleging the bank failed to recognize $12 billion in unrealized losses at the height of the financial crisis. they claim improper accounting on the part of the deutsche bank enabled the lender to exaggerate its capital position. and citigroup plans to shed 11,000 jobs around the world which equals around 4% of its workforce. some experts say this is part of a strategy led by their new coe who took job in october, however others say it has the finger prints of chairman michael o'neal. citi shares reacted positively to the news, though the stockstill trading at around 70% of its tangible book value. you can
and timothy geithner has told the cnbc the swhous ready to go over the fiscal cliff if tax rates on the nation's wealthiest don't rise. dag gri announces the rate decision later about plus apple shares still down in frankfurt. and its shares of the chinese market drop in the third quarter. >>> deutsche bank has hit back at allegations of financial impropriety brought by three former employees. according to reports, the ex-deutsche workers have launched a complaint with u.s. authorities...
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Nov 12, 2012
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how are you invested right now amidst all of these issues pertaining to the fiscal cliff, higher tax rates in 2013, et cetera? >> always good to be back with you. we've been defensive. we've looked for opportunities to take gains over the course of the year. thankfully we've been very u.s.-centric in our investments over the course of 2011-2012. what we're preparing for now is looking again at the foreign markets in 2013. >> foreign markets meaning you want to be allocating money outside of the u.s. because of these issues in the u.s.? >> well, taking a look at some of the large global players here in the u.s. and outside, because as tax rates go up here in the united states, what we're about to see is probably the laugher curve in reverse. tax rates going up, revenues declining, creating a headwind for gdp. we're look at companies in the world for looking for global growth opportunity outside our borders. >> mark, let me get your standpoint on this. all year all we've been hearing about are dividend payers. why? because the yield -- there's no yield anywhere with rates where they ar
how are you invested right now amidst all of these issues pertaining to the fiscal cliff, higher tax rates in 2013, et cetera? >> always good to be back with you. we've been defensive. we've looked for opportunities to take gains over the course of the year. thankfully we've been very u.s.-centric in our investments over the course of 2011-2012. what we're preparing for now is looking again at the foreign markets in 2013. >> foreign markets meaning you want to be allocating money...
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Nov 12, 2012
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the probability doesn't lie in taxation, but something is going to come up the fiscal cliff, they will have to be a compromise and the compromise will include taking something away from wall street. that is sort of my basic if you will. sandra: whil well you are not bullish, in the short-term things are a bit oversold after a big selloff last week and buying opportunity here? >> a lot of the premium that was built in there with the hope that romney was going to get the nod came out of the market. i would not buy the index as a whole, but the impending capital gains hikes in january that he can step into right now, companies like apple and companies like disney right now. if you have not owned those two-out performers this time of year, this is a great opportunity for investors looking to take on a new position. david: let me follow up with that if i can, particularly with apple. is it conceivable that stocks could go down further? >> anything is conceivable that if you look on a forward earnings basis and some of the opportunity they have tapped into the emerging market consumer long-t
the probability doesn't lie in taxation, but something is going to come up the fiscal cliff, they will have to be a compromise and the compromise will include taking something away from wall street. that is sort of my basic if you will. sandra: whil well you are not bullish, in the short-term things are a bit oversold after a big selloff last week and buying opportunity here? >> a lot of the premium that was built in there with the hope that romney was going to get the nod came out of the...
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Dec 13, 2012
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lost its top credit rating. what are we doing to get it back? well, fed chair ben bernanke warns that we're already paying the price for teetering on the edge of this fiscal cliff and he points to a recent drop in consumer and business confidence and says he hopes that congress will do the right thing and not kick the can down the road. >>> so that brings us to our fourth story, outfront. deal, no deal? deal, no deal? it is not a howie mandell story. it has everything to do about the fiscal cliff. and it's happening behind closed doors. and what is said in public does not seem to clear anything up. >> the longer the white house slow walks this discussion, the closer our economy gets to the fiscal cliff, and the more american jobs are placed in jeopardy. >> so what's really going on behind the scenes? earlier i spoke with republican senator jeff sessions, who's been asking the same question, and i asked him how much he, as the ranking member of the senate budget committee, actually knows about what's going on. >> very little. almost nothing, fran
lost its top credit rating. what are we doing to get it back? well, fed chair ben bernanke warns that we're already paying the price for teetering on the edge of this fiscal cliff and he points to a recent drop in consumer and business confidence and says he hopes that congress will do the right thing and not kick the can down the road. >>> so that brings us to our fourth story, outfront. deal, no deal? deal, no deal? it is not a howie mandell story. it has everything to do about the...
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Dec 14, 2012
12/12
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. >> more now on the fiscal cliff. president obama says the house republicans are holding up plans to avoid the so-called fiscal cliff. the president said that he will only agree to a deal if it involves tax rates going up for the top 2% of americans. if president obama talk to reporters about why his plan will work. >> this will be good for the economy and if we do this-as the senate has already passed this. i am ready to sign it. the only holdup is the house republicans. once we get this done this will take the edge off but we know we still have to deal with some other debts. we should get this done. >> the most import and then we can do right now is make sure the middle class taxes do not go up. that's the best thing for the economy, best thing for american families and if we do that, we should get that done. >> snigneither side has stated that they do not want to show their hand. the standoff still continues and we're 17 days away from this. >> president barack obama is meeting privately to that with you in embassa
. >> more now on the fiscal cliff. president obama says the house republicans are holding up plans to avoid the so-called fiscal cliff. the president said that he will only agree to a deal if it involves tax rates going up for the top 2% of americans. if president obama talk to reporters about why his plan will work. >> this will be good for the economy and if we do this-as the senate has already passed this. i am ready to sign it. the only holdup is the house republicans. once we...
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Dec 2, 2012
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it's 30 days and counting until we go over the fiscal cliff. >> the president is demanding higher tax rates. congressional republicans want deeper spending cuts and entitlement reform. will they make a deal before we bring in the new year with a round of tax increases for all of us? we will ask the two men at the center of the negotiations where we really stand. for the president, treasury secretary timothy geithner. for the gop house speaker john boehner. geithner and boehner only on fox news sunday. plus, we've seen this movie before. the two parties edging closer and closer to the brink. we will ask our sunday panel whether we will get a happy ending or an economic disaster. and our power player of the week. a young beauty queen has to make a tough choice. all right now on fox news sunday. >> hello again from fox news in washington. well, we had quite a day around here friday with talks to avoid the fiscal cliff deadlock, and everyone saying the other side is to blame, pressure secretary geithner scheduled a ground of interviews. then friday afternoon, speaker boehner's office call
it's 30 days and counting until we go over the fiscal cliff. >> the president is demanding higher tax rates. congressional republicans want deeper spending cuts and entitlement reform. will they make a deal before we bring in the new year with a round of tax increases for all of us? we will ask the two men at the center of the negotiations where we really stand. for the president, treasury secretary timothy geithner. for the gop house speaker john boehner. geithner and boehner only on fox...
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Dec 11, 2012
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speaspeaker they begin now untie are near the fiscal cliff. mortgage rates three and a quarter percent. buyers have been on the sidelines for five years and anxiously been waiting for better news, more consumer confidence to come back out. we had a great spring selling season. now we are selling into the winter. it all feels good. liz: that doesn't usually happen with this much muscle. are there any log jams, or our would-be buyers getting the credit they need to buy the homes? >> our clients can get mortgages. our buyers tend to put a lot more money down. they mortgage a lot less, very high credit ratings. we are not seeing that problem at all. lower price point a little bit of a problem but it is getting better. liz: when you look at parts of the business that have done well. the analyst has taken a bit of a back seat to the actual lending business creating a cash cow for a lot of you guys. how is that doing and we understand the margins are very healthy for a lot of these names that are out there? >> our service is toll brothers, the only c
speaspeaker they begin now untie are near the fiscal cliff. mortgage rates three and a quarter percent. buyers have been on the sidelines for five years and anxiously been waiting for better news, more consumer confidence to come back out. we had a great spring selling season. now we are selling into the winter. it all feels good. liz: that doesn't usually happen with this much muscle. are there any log jams, or our would-be buyers getting the credit they need to buy the homes? >> our...
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Dec 10, 2012
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cliff deadline they have to raise the debt ceiling which can be used as leverage. >>shepard: doctors had given up on saving a little girl with leukemia and now she is alive and her cancer is in complete remission. how did they do it? there is an experimental therapy that saved her. and they tell us it could revolutionize cancer treatment. it has to do with one virus called hiv. >>shepard: doctors say cancer already killed a since-year-old girl until they triad very different kind of treatment. they gave her a disabled form of h.i.v., the virus that causes aids and now the girl has been cancer free for seven months. researchers say this could fundamentally change the way we treat the crippling cancer of leukemia. a doctor who helped develop this treatment is director of blood and transplant at a center in philadelphia. h.i.v....what does this do? >>guest: if you think about it, one of the ways that h.i.v. works is by getting into cells, into immune cells. it is good at getting any cells but the virus makes them sick and kills the immune cells so, what my colleagues
cliff deadline they have to raise the debt ceiling which can be used as leverage. >>shepard: doctors had given up on saving a little girl with leukemia and now she is alive and her cancer is in complete remission. how did they do it? there is an experimental therapy that saved her. and they tell us it could revolutionize cancer treatment. it has to do with one virus called hiv. >>shepard: doctors say cancer already killed a since-year-old girl until they triad very different kind of...
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Nov 13, 2012
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not just this one time to the fiscal cliff. perhaps to our long-term growth rate. i like that idea a lot. >> we've got a lot of tweets in as well, chris, for a flat tax. probably about the same amount for a vat, right? a federal sales tax. what do you make of those ideas? >> well, i'm a big fan of a flat tax. everyone would win with a flat tax. taxpayers that have a much simpler time at tax time. it would make the economy grow, which would benefit everyone. a vat, however, is a terrible idea. frankly, it won't go anywhere because a vat would tax consumption but state governments already have retail sales taxes. there's no way the states would ever let the federal government impose a brand new tax on their tax base. >> let's dig into the idea. i do support a vat a little bit, if it's very small. by the end of our lives, it will be a 100% tax, probably. you capture a lot of the economy under the ground, the cash economies. drug dealers aren't going to pay taxes, but they're going to buy stuff. >> that's not true. actually, in europe vat evasion is a huge problem. kbr
not just this one time to the fiscal cliff. perhaps to our long-term growth rate. i like that idea a lot. >> we've got a lot of tweets in as well, chris, for a flat tax. probably about the same amount for a vat, right? a federal sales tax. what do you make of those ideas? >> well, i'm a big fan of a flat tax. everyone would win with a flat tax. taxpayers that have a much simpler time at tax time. it would make the economy grow, which would benefit everyone. a vat, however, is a...
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Dec 13, 2012
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cliff. if they don't, there are fears automatic tax increases and spending cuts could push the economy back into a recession. >>> bonds will continue to be purchased at a cost of $85 billion a month from the federal reserve. it's a move to keep interests low and unemployment rates even lower until the outlook at the labor market improves sub staeshl -- substantially. >>> john mcafee in florida this evening. he arrived at miami international just before 5:00 pm. he is in florida after being kicked out of guatemala for entering that country illegally. he snuck in to escape being questioned by police in belize on the death of his neighbor. >> it was a very tricky negotiation getting out of guatemala. they wanted to return me to belize. the problem was that the police in guatemala are going to be signing a peace accord early next year. >> there is no sign of mcafee at this hour. no one knows where he went after he left the airport or what he plans to do next. >>> iphone users rejoice! you now ha
cliff. if they don't, there are fears automatic tax increases and spending cuts could push the economy back into a recession. >>> bonds will continue to be purchased at a cost of $85 billion a month from the federal reserve. it's a move to keep interests low and unemployment rates even lower until the outlook at the labor market improves sub staeshl -- substantially. >>> john mcafee in florida this evening. he arrived at miami international just before 5:00 pm. he is in...
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Dec 4, 2012
12/12
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cliff. the gop says its proposal would save $800 billion through tax reform. $900billion in mandatory spending cuts, and $300 billion in discretionary cuts. it does not increase tax rates on upper income americans which the white house insists must be included in any deal. >>> on wall street stocks lost ground. nasdaq dropped 8 points. analysts point to a decline in manufacturing, and ongoing worries over the fiscal cliff. >>> what some hoped would be a historic announcement on life on mars didn't amount today. project scientists said soil tests performed by the curiosity rover only showed organic compounds. no proof yet that life existed, or could exist on the red planet. the scientists created big expectations by saying it would be one for the history books. today they said they were only referring to the richness of the data coming from the rover. ♪ [ music ] of course. >>> live storm tracker 2 picking up showers north of us. these showers are going to work their way south. the computer
cliff. the gop says its proposal would save $800 billion through tax reform. $900billion in mandatory spending cuts, and $300 billion in discretionary cuts. it does not increase tax rates on upper income americans which the white house insists must be included in any deal. >>> on wall street stocks lost ground. nasdaq dropped 8 points. analysts point to a decline in manufacturing, and ongoing worries over the fiscal cliff. >>> what some hoped would be a historic announcement...
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Dec 6, 2012
12/12
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we have no idea where the capital gains are going to go, we're going to go over the fiscal cliff, what do you have to lose, the rates are going to go up. i don't think it makes any difference two tim geithner says. >> it is so widely held by so many who want to play the stock market, let's say, beyond just the capital gains, whether it's in taxable account organization not and it also has the psychological impact that this is the one that i'm going to get out of because i'm afraid of what's coming in general? >> this is the stock, yes, it's cheap, now once it goes down, we have a million reasons, well, it's a nokia phone, well, it's china. ipad miniis available. this is a stock that's so widely owned. it reminds me of sirius satellite. every doctor, every dentist owns apple. they don't know the price per share, they just know it is the proxy for the market. >> they just accelerated dividends. but i think we're talking now 150 companies in some fashion have accelerated or put forward a special dividend. you put forward a special market share, china is 76, with the market share at least.
we have no idea where the capital gains are going to go, we're going to go over the fiscal cliff, what do you have to lose, the rates are going to go up. i don't think it makes any difference two tim geithner says. >> it is so widely held by so many who want to play the stock market, let's say, beyond just the capital gains, whether it's in taxable account organization not and it also has the psychological impact that this is the one that i'm going to get out of because i'm afraid of...
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with no agreement, going over the fiscal cliff would be painful. the automatic tax increases break down like this: households making $20,000 to $4,000 would see an increase in $1,200 a year. incomes of $40,000 to $64,000 would see taxes rise $2,000 and in the $64,000 to $108,000 bracket taxes go up $3,500 a year. mr. obama and the republican speaker of the house talked this over today and here's major garrett at the white house. major? >> reporter: scott, there there is a code of silence the white house and speaker boehner's try to apply to these phone conversations, releasing as few details as possible to protect the underlying negotiations. nevertheless, cbs news has learned the following: the speaker and the president spoke before treasury secretary tkpwaoeugter in'sers.e.c.geithner's comments about going over the cliff, the conversation was described as brief, meaning shorter than the 28-minute conversation speaker boehner and the president had last week. also those familiar with the conversation tell me -- or do not used a skwrebgive thes like
with no agreement, going over the fiscal cliff would be painful. the automatic tax increases break down like this: households making $20,000 to $4,000 would see an increase in $1,200 a year. incomes of $40,000 to $64,000 would see taxes rise $2,000 and in the $64,000 to $108,000 bracket taxes go up $3,500 a year. mr. obama and the republican speaker of the house talked this over today and here's major garrett at the white house. major? >> reporter: scott, there there is a code of silence...
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. >>> today we could find out if concerns over the fiscal cliff are taking a toll on the unemployment rate. the labor department will release its november jobs report. economists expect the unemployment rate to remain at 7.9%. they believe the economy added fewer than 100,000 jobs last month. some think that that number could be fewer than 50,000. they say companies may be waiting to see if we plunge off the fiscal cliff before hiring more employees. economists say superstorm sandy also likely slowed job growth last month. negotiations on a budget deal will continue today. meanwhile, president obama says a northern virginia family is proof that a deal must get done before the end of the year. he met with tiffany and richard santana yesterday. the middle class couple is living with tiffany's parents to help make ends meet. she wrote about her struggles to the white house as part of a social media campaign. >> at first it was just that white house.gov was going to come and get a little more information about our story, and we really thought it was going to be that, just white house.gov
. >>> today we could find out if concerns over the fiscal cliff are taking a toll on the unemployment rate. the labor department will release its november jobs report. economists expect the unemployment rate to remain at 7.9%. they believe the economy added fewer than 100,000 jobs last month. some think that that number could be fewer than 50,000. they say companies may be waiting to see if we plunge off the fiscal cliff before hiring more employees. economists say superstorm sandy...
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cliff. the gop says its proposal would save $800 billion through tax reform. $900billion in mandatory spending cuts, and $300 billion in discretionary cuts. it does not increase tax rates on upper income americans which the white house insists must be included in any deal. >>> on wall street stocks lost ground. nasdaq dropped 8 points. analysts point to a decline in manufacturing, and ongoing worries over the fiscal cliff. >>> what some hoped would be a historic announcement on life on mars didn't amount today. project scientists said soil tests performed by the curiosity rover only showed organic compounds. no proof yet that life existed, or could exist on the red planet. the scientists created big expectations by saying it would be one for the history books. today they said they were only referring to the richness of the data coming from the rover. ♪ [ music ] of course. >>> live storm tracker 2 picking up showers north of us. these showers are going to work their way south. the computer
cliff. the gop says its proposal would save $800 billion through tax reform. $900billion in mandatory spending cuts, and $300 billion in discretionary cuts. it does not increase tax rates on upper income americans which the white house insists must be included in any deal. >>> on wall street stocks lost ground. nasdaq dropped 8 points. analysts point to a decline in manufacturing, and ongoing worries over the fiscal cliff. >>> what some hoped would be a historic announcement...
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Dec 2, 2012
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we heard the warnings of the so-called fiscal cliff and how it could damage the question. why are we in the situation. they agreed to extend it for two years. the rates expire on january 1st for everybody . in 2011, the president enacted a pay roll tax holiday . that goes away january 1st . deep spending cuts over the raising of the ceiling. they're designed to be painful and a way to force compromise and cut spending in congress. what is next. we may get an idea tomorrow morning. chris wallace will sit down with key players . an exclusive interview with house speaker john boehner . check for when fox news airs in your mexico is swearing in a new president hours ago . people are rioting in the streets over the news and questions about what it means for the relationship between the u.s. and mexico. 46 year old taking the oath of office promising a national transformation and a new program to prevent crime. as we reported over the yoors, 60,000 people have died in the drug war in mexico. it means a return to the pri party. that party was voted out of office after years of co
we heard the warnings of the so-called fiscal cliff and how it could damage the question. why are we in the situation. they agreed to extend it for two years. the rates expire on january 1st for everybody . in 2011, the president enacted a pay roll tax holiday . that goes away january 1st . deep spending cuts over the raising of the ceiling. they're designed to be painful and a way to force compromise and cut spending in congress. what is next. we may get an idea tomorrow morning. chris wallace...
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president obama says no deal on the fiscal cliff. >> how does raising tax rates on the rich help the poor. that is what i don't get. true free market capitalism helps everybody. a rising tide lifts all boats. i'm laugrry kudlow we will be right back. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >> whow does taxing the rich hep the poor rise above poverty and get a job? let's talk to larry elder. he is the author of the great book, "dear father dear son". welcome back. how does taxing successful wealthy people help the poor get out of poverty. well for people who think like i think it doesn't make any sense. but understand something, that is not what this is all about. t
president obama says no deal on the fiscal cliff. >> how does raising tax rates on the rich help the poor. that is what i don't get. true free market capitalism helps everybody. a rising tide lifts all boats. i'm laugrry kudlow we will be right back. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best...
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Nov 26, 2012
11/12
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also following a trend we're watching very closely been closer to the fiscal cliff seen tax rates increase. weight watchers international latest company to declare their dividend and to pay it early. it will pay it out normally they pay the dividend in january but they will have an acceleration of placement of the regular quarterly dividends for the fiscal quarter usually paid out in january, the same amount as always. $0.7.5 per share. normally shareholders would pay a lower tax bracket if we saw the rising cost of oil. david: we're about to see a lot of activity. also expected to see, for example, cases in which people who have been giving out dividends thinking of increasing dividends are buying back their stock instead because the tax penalty for that is a lot less than what it could be. liz: you are seeing the stock altered, shares ending lower. on the floor of the new york stock exchange, some of this obviously they did not go to enough of the movie. nicole: the five day weekend is actually a box office winner. record-setting winner. $290 million. you know what did not participate in
also following a trend we're watching very closely been closer to the fiscal cliff seen tax rates increase. weight watchers international latest company to declare their dividend and to pay it early. it will pay it out normally they pay the dividend in january but they will have an acceleration of placement of the regular quarterly dividends for the fiscal quarter usually paid out in january, the same amount as always. $0.7.5 per share. normally shareholders would pay a lower tax bracket if we...
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Dec 6, 2012
12/12
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. >> if is the administration prepared too go over the fiscal cliff. >> absolutely. there is no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthist, remember it's only 2%. >> he did not blink. that is the treasury secretary. do they talk like that? >> it's really unique. this treasury secretary is very loyal to this president, treasury secretaries are, but he is saying essentially that the tax rates going up are essential, that the money is not essential, that the dollar figure is not essential, that the rates going up are essential, and that's just interesting. going over the cliff comes with a lot of -- a lot of things that could affect the economy and the treasury secretary knows that. bill: 10% unemployment. tax rates for everybody going higher. what are you hearing on the house side? among the house republicans, whether or not they are behind the speaker, whether they are pulling away from him, where does that stand do you believe? >> reporter: you know, there are some on the house side that have a lot of concerns ab
. >> if is the administration prepared too go over the fiscal cliff. >> absolutely. there is no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthist, remember it's only 2%. >> he did not blink. that is the treasury secretary. do they talk like that? >> it's really unique. this treasury secretary is very loyal to this president, treasury secretaries are, but he is saying essentially that the tax rates going up are essential,...
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Dec 6, 2012
12/12
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the top senate democrats said they won't consider proposals to saw void the so-called fiscal cliff. not until the gop agrees that tax rates will go up on the wealthiest of americans. they said it from the beginning. president obama visited a family in virginia to layout his case. the white house says it is one of thousands of middle class families facing higher taxes if congress doesn't reach some sort of deal. house speaker insists the republicans will not go along with a higher tax rate for anybody, but an incrowsing number of republicans -- an increasing number of republicans are saying they will have to give in to democrats' demands. you know i read a number of websites that said republicans have waived the white flag on some issues, but not all of them. assuring republicans they don't have to vote for a tax increase. >> and it technically may be correct, but not many are buying this new strategy from the white house since the tax cuts from the middle class and those from the top 2% are both set to expire at the end of the year. the white house says congress really only has to e
the top senate democrats said they won't consider proposals to saw void the so-called fiscal cliff. not until the gop agrees that tax rates will go up on the wealthiest of americans. they said it from the beginning. president obama visited a family in virginia to layout his case. the white house says it is one of thousands of middle class families facing higher taxes if congress doesn't reach some sort of deal. house speaker insists the republicans will not go along with a higher tax rate for...
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Dec 4, 2012
12/12
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have to go up on the rich, the president is prepared to see the nation go off the fiscal cliff, shep. >> shepard: what's the thinking on whether they can actually come together at some point here, ed? >> right now it's pretty dim. if you look at what speaker john boehner said in that exclusive interview with our own chris wallace on "fox news sunday." he said right now there are nowhere in these talks. other serious republicans like lindsey graham says he thinks we are edging closer to closer to this just being in calamity. >> i think we are going over the cliff. it's pretty clear to me that they made a political calculation. >> he believes we are likely to go of 00 cliff now. the bottom line is tonight the president is hosting congressional leaders for this congressional ball. basically a black tie holiday party. maybe they will start talking about compromise but so far none in site. ed henry live on the north lawn. prince william's wife kate in the hospital because of problems with her just announced pregnancy. just ahead what we have learned about this condition and this new kid c
have to go up on the rich, the president is prepared to see the nation go off the fiscal cliff, shep. >> shepard: what's the thinking on whether they can actually come together at some point here, ed? >> right now it's pretty dim. if you look at what speaker john boehner said in that exclusive interview with our own chris wallace on "fox news sunday." he said right now there are nowhere in these talks. other serious republicans like lindsey graham says he thinks we are...
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Nov 16, 2012
11/12
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CNBC
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fails to come to an agreement on the fiscal cliff, the u.s. unemployment rate will top over 9% in 2013. ♪ ♪ ♪ [ male announcer ] 'tis the season to discover the kid in all of us. the memories that last, start with the gifts that last. ♪ enjoy free shipping and great values on your holiday shopping from l.l.bean. [ female announcer ] today, it's not just about who lives in the white house, it's about who lives in the yellow house, the green, and the apartment house, too. today we not only honor the oval office, but we honor the cubicle, and the home office as well. because today it's about all of us. and no matter who you are, you're the commander-in-chief of your own life. ♪ >>> collection this out. mike tyson touring australia this week at a media event. famous tough man seemed a little bit scared. a zookeeper went to give him a koala bear, and iron mike didn't seem to want to have any part of it whatsoever. i'm not surprised why he's -- they have sharp claws and sharp teeth. >> mike tyson in the "hangover," didn't he have white tig
fails to come to an agreement on the fiscal cliff, the u.s. unemployment rate will top over 9% in 2013. ♪ ♪ ♪ [ male announcer ] 'tis the season to discover the kid in all of us. the memories that last, start with the gifts that last. ♪ enjoy free shipping and great values on your holiday shopping from l.l.bean. [ female announcer ] today, it's not just about who lives in the white house, it's about who lives in the yellow house, the green, and the apartment house, too. today we not...
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Aug 2, 2012
08/12
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michael you think interest rates will spike if they don't address the fiscal cliff. >> that's right, it's a ticking time bomb, and it's going to happen. we have an adjustable rate mortgage on our debt and it will reveal the invalolinsolvency of nation. we have 16 trillion in gross national debt, and it's growing by $ 1 trillion ever year. that's 50% of our revenue. >> and you're not hearing any lip on the issue unfurniturely in washington. >> bill, let me ask you about investing today, ho u are you allocating capital? >> i'm certainly not hoping for a weak job's numbers that will make qe 3 come sooner. we need job creation. right before the 4:00 bell we were talking about stagnant growth since 2007. we can talk all day about how we're going to get there, that is the nub, but to hope that we have a bad jobs number so we get more adrenaline of drugs into the market is ridiculous. >> okay, so how are you investing then? >> i think investing right now is looking at situations where you can grow margins and grow earnings with nominal top line. we're looking at areas like reits, airlines,
michael you think interest rates will spike if they don't address the fiscal cliff. >> that's right, it's a ticking time bomb, and it's going to happen. we have an adjustable rate mortgage on our debt and it will reveal the invalolinsolvency of nation. we have 16 trillion in gross national debt, and it's growing by $ 1 trillion ever year. that's 50% of our revenue. >> and you're not hearing any lip on the issue unfurniturely in washington. >> bill, let me ask you about...
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Nov 14, 2012
11/12
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CNBC
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the fiscal cliff may be solved and interest rates, as you say, may indeed go up. >> true. munis are a whole different story. they'll suffer but not as much because of the tax-free nature. if you buy them by themselves, they'll mature. bond funds have no maturity and therein lies the problem. >> thank you, mr. clark. to summarize, go short duration if you're in a fund and try to hedge it with an etf. carl, back to you. >> good advice. european close coming up after a break. don't go away. future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ >>> the european markets are closing now. >> not only a sea of red, simon, but a lot of data out of europe that wasn't encouraging either. >> that's true. for many in financial markets, also the turmoil you see on the st
the fiscal cliff may be solved and interest rates, as you say, may indeed go up. >> true. munis are a whole different story. they'll suffer but not as much because of the tax-free nature. if you buy them by themselves, they'll mature. bond funds have no maturity and therein lies the problem. >> thank you, mr. clark. to summarize, go short duration if you're in a fund and try to hedge it with an etf. carl, back to you. >> good advice. european close coming up after a break....
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Nov 29, 2012
11/12
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he says because we're at the zero balance, interest rates were zero, the effect of the fiscal cliff is getting much worse than if the fed were not at zero. >> because they could do something. >> the only positive thing which dudley did not talk about but it is something that's on the radar is that, as the fiscal cliff fears rise, interest rates fall on the 10-year. so the effect the fed would have from easing is already in -- already happening as a market reaction. >> steve, thank you. >>> when jeff kilburg is not fired up about the irish he is fired up about what mr. dudley said today. why? >> absolutely. he came out with very dovish comments. he lass a permanent vote and he is quite the confidant of ben bernanke. so he flat-out gave a wink-wink, there's something big coming in less than two weeks. >> he's been a dove for a long time though. no change but just to hear it articulated gives you some sense of -- >> it does. this could be a one-two punch. if the fomc comes out with additional measures, subsequent week later, all of a sudden they have the fiscal cliff resolution, bam, we c
he says because we're at the zero balance, interest rates were zero, the effect of the fiscal cliff is getting much worse than if the fed were not at zero. >> because they could do something. >> the only positive thing which dudley did not talk about but it is something that's on the radar is that, as the fiscal cliff fears rise, interest rates fall on the 10-year. so the effect the fed would have from easing is already in -- already happening as a market reaction. >> steve,...
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Dec 6, 2012
12/12
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fiscal cliff deal. he joins us exclusively later on "the closing bell." stay tuned. [ male announcer ] this december, remember -- ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... i'm with scottrade. >>> one of the most bizarre man hunts in recent memory is coming to an end in central america, we think. wealth editor robert frank has the latest details on the arrest of john mcafee. >> ye
fiscal cliff deal. he joins us exclusively later on "the closing bell." stay tuned. [ male announcer ] this december, remember -- ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. you won't just find us online, you'll also find us in person, with...
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Nov 9, 2012
11/12
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i mean they said that if all -- if we go over the fiscal cliff, that we might see an unemployment rate spike to above 9%. do you think that that pushes it a little bit for both sides to really get together and get something done? >> well, look. unemployment over9% is definitely an eye opening figure. but i think the folks in washington know this is a bad deal. they know it is a worst case scenario if we go over the fiscal cliff. there are some in both parties who argue that it might be best to actually go over the fiscal cliff for a variety of tactical and ideological reasons but most folks in washington, sort of where the center of gravity is politically, they think the fiscal cliff is a bad idea and they don't need necessarily another report from cbo to underscore that for them. i think what we're seeing now is this opening from boehner and i think it is probably easier now for barack obama to give up on the raising rates idea as long as he's getting more revenue from the republicans. that's probably something that is easier for the president to do in this case than it is for boehner
i mean they said that if all -- if we go over the fiscal cliff, that we might see an unemployment rate spike to above 9%. do you think that that pushes it a little bit for both sides to really get together and get something done? >> well, look. unemployment over9% is definitely an eye opening figure. but i think the folks in washington know this is a bad deal. they know it is a worst case scenario if we go over the fiscal cliff. there are some in both parties who argue that it might be...
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Dec 13, 2012
12/12
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cliff. continuing negotiations into the next year. >>> they say they will announce governor jerry brown has been diagnosed with early prostate cancer. governor jerry brown did not reveal anything about his cancer when he met in silicone valley with ceos yesterday. >> he was as he always is, insightful, cite tall and violent. one would never know in they will be treated with therapy and they say the prognosis is excellent. you will find more on our website about the governor's diagnosis and there is a full statement released from his office. just look on the hot topic section. >>> pam and dave good morning to you both, incase you are just joining us, we had a couple of slow downs. it is not a bad day getting through the tunnel and it looks like metering lights come on at 6115 and -- 6:15 and right now they are definitely on with metering lights. we had that earlier problem and traffic is recovering there. lanes have been opened and dumbarton bridges are a safe alternative getting to the penin
cliff. continuing negotiations into the next year. >>> they say they will announce governor jerry brown has been diagnosed with early prostate cancer. governor jerry brown did not reveal anything about his cancer when he met in silicone valley with ceos yesterday. >> he was as he always is, insightful, cite tall and violent. one would never know in they will be treated with therapy and they say the prognosis is excellent. you will find more on our website about the governor's...
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Nov 7, 2012
11/12
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just now a race against the clock to head off the fiscal cliff. already two ratings agencies have wasted no time on this issue today. fitch saying the u.s. needs to fix that debt threat and moody's says it's going to wait before taking any action and maintain its negative outlook on the u.s. economy. one thing is for sure. the stock market is taking the fiscal cliff very seriously. the blue chip average is off the lows but still down sharply at one time today, the dow was down about 369 points. first time we've seen that big of a decline since november 21st of last year. off the lows rights now, the dow down 260 points at 12,985. the nasdaq is down 63 points, a more than 2% decline at 2947. the s&p at this hour is down 28 points right at 1400. let's break down what's behind today's dramatic decline in stocks in today's "closing bell" exchange. we welcome back michael pento, kwint tatro, jeff sika, and our own rick santelli. quint, you believe the market was going to go down either way. why? >> i do. i think this was long overdue. we have been prop
just now a race against the clock to head off the fiscal cliff. already two ratings agencies have wasted no time on this issue today. fitch saying the u.s. needs to fix that debt threat and moody's says it's going to wait before taking any action and maintain its negative outlook on the u.s. economy. one thing is for sure. the stock market is taking the fiscal cliff very seriously. the blue chip average is off the lows but still down sharply at one time today, the dow was down about 369 points....
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Nov 21, 2012
11/12
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FBC
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. ♪ gerri: well, the irs issuing a warning that if congress does to address theg that if fiscal cliff and the alternative minimum tax passed tens of millions of us could be hit wit a vecry large tax bill. also might not want to be able to file much later, so expect major delays for that refund. a you with more, a co-founder. er i cannot get over this wholev story. st we have the fiscal cliff. part of that, but the irs is saying we're not going to changi our computer program because we really don't know what willor ce .really d't it could be chaos out there. ou >> they are expecting that theyh will sign a patch like they have fin every year, but -- a gerri: and that means the law goes back to what it has been of the past 12 months, and you don't have to pay that. t w many people would be on thes hook? ha will what it means?eople would b >> right now theree are about 4 million infected people, butfr that would go up to 30 some odd million people.on so 28 million people would now be thrust in. if you remember, this was going t be t back to 1969, 1970. to 155 people is what they wanted to
. ♪ gerri: well, the irs issuing a warning that if congress does to address theg that if fiscal cliff and the alternative minimum tax passed tens of millions of us could be hit wit a vecry large tax bill. also might not want to be able to file much later, so expect major delays for that refund. a you with more, a co-founder. er i cannot get over this wholev story. st we have the fiscal cliff. part of that, but the irs is saying we're not going to changi our computer program because we really...
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Nov 14, 2012
11/12
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somebody is going to have to blink or we go over the fiscal cliff. my next guest knows all about fiscal cliff uncertainty and its effect on the individual investor. walter bettinger is ceo of charles schwab. the market certainly feels pessimistic. we are looking at another 200-point decline today. the market is down 5% since the president was re-elected. what are you hearing from clients? >> clients are really concerned. there is pessimism among investors. there's great uncertainty. we have a lack of confidence. they're looking to washington for leadership to address meaningful issues. right now they're doubtful they're going to see it. >> right wha do you think it's going to take to get the vej back into this market? the individual, i feel like, has been gone for a little while now. >> 10, 12 years it feels like. >> it really does. >> i think it's going to take a settlement in washington. it's going to take compromise. it's going to take a belief that we're actually on a path as a country from a fiscal stand point that is reasonable, that is sustain
somebody is going to have to blink or we go over the fiscal cliff. my next guest knows all about fiscal cliff uncertainty and its effect on the individual investor. walter bettinger is ceo of charles schwab. the market certainly feels pessimistic. we are looking at another 200-point decline today. the market is down 5% since the president was re-elected. what are you hearing from clients? >> clients are really concerned. there is pessimism among investors. there's great uncertainty. we...
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Nov 10, 2012
11/12
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CNNW
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. >> on wednesday, i outlined a responsible path forward to avert the fiscal cliff without raising tax rates. about 24 hours after i spoke, the congressional budget office released a report showing the most harmful consequences of the fiscal cliff come from increasing tax rates. >> what speaker boehner did not mention was the cbo report said raising the top rate would only shave 1% of 10% off economic growth and only temporarily. those were the two open conditions in washington's showdown since the disaster. budget negotiators reconvene next week to try, in the words of one aide, to assess where they are. that's what puts republicans where they are in election 2012. it depends on who you ask or how you ask the question, what happened on tuesday night? gop strategist mary matalin, and david fromm, author of "why romney lost and what the gop can do about it." president obama and speaker boehner have said a lot of right things talking about compromise and cooperation, but on taxes, it seems the gap between the two sides is as big as ever, doesn't it? did the election not change anything?
. >> on wednesday, i outlined a responsible path forward to avert the fiscal cliff without raising tax rates. about 24 hours after i spoke, the congressional budget office released a report showing the most harmful consequences of the fiscal cliff come from increasing tax rates. >> what speaker boehner did not mention was the cbo report said raising the top rate would only shave 1% of 10% off economic growth and only temporarily. those were the two open conditions in washington's...
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Dec 21, 2012
12/12
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the problem, though, is that the economy sill is vulnerable to the fiscal cliff. tax rates are going to jump significantly on january 1st if nothing is done quickly and that would cause, we think if it lasted, a contraction in the first quarter. >> so contraction in the first quarter. are you speccing a recession? >> we are not. we still think some deal will be reached in the next couple of weeks. and that scenario we think is going to grow 1.5% to 2 the% in the next year. but the risk of no deal is obviously rising. we still think hal happen, though. rick santelli, what r saying there in chicago? the market was down, but the volume was up big. >> maria, like i think the first guest, i would rather impressed by the fact that we're down 119 and we're done much more in the wee hours of the morning after that vote failed and the i was as shock as all of guests were. next year, it's going to be the same. no matter how this fiscal cliff gets resolved, we would be job challenged. and i continue to think a bright spot is going to be energy. i think energy is an industry
the problem, though, is that the economy sill is vulnerable to the fiscal cliff. tax rates are going to jump significantly on january 1st if nothing is done quickly and that would cause, we think if it lasted, a contraction in the first quarter. >> so contraction in the first quarter. are you speccing a recession? >> we are not. we still think some deal will be reached in the next couple of weeks. and that scenario we think is going to grow 1.5% to 2 the% in the next year. but the...